Papa John’s International Inc. (NASDAQ:PZZA)‘s stock had its “buy” rating reiterated by research analysts at BTIG Research in a research report issued to clients and investors on Wednesday. They presently have a $87.00 price objective on the stock. BTIG Research’s price objective points to a potential upside of 11.90% from the stock’s current price.

PZZA has been the topic of several other reports. Zacks Investment Research downgraded Papa John’s International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th. TheStreet upgraded Papa John’s International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 31st. KeyCorp upgraded Papa John’s International from a “sector weight” rating to an “overweight” rating and set a $80.00 price objective on the stock in a research report on Wednesday, July 20th. Nomura downgraded Papa John’s International from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $66.47 to $70.00 in a research report on Wednesday, June 22nd. Finally, Jefferies Group restated a “hold” rating on shares of Papa John’s International in a research report on Thursday, August 4th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $72.00.

Analyst Recommendations for Papa John`s International (NASDAQ:PZZA)

Shares of Papa John’s International (NASDAQ:PZZA) traded down 0.13% during midday trading on Wednesday, reaching $77.65. The company had a trading volume of 22,506 shares. Papa John’s International has a one year low of $44.47 and a one year high of $82.55. The company has a market capitalization of $2.87 billion, a P/E ratio of 32.94 and a beta of 0.23. The company has a 50-day moving average price of $77.23 and a 200 day moving average price of $67.89.

Papa John’s International (NASDAQ:PZZA) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.07. Papa John’s International had a return on equity of 454.11% and a net margin of 5.52%. The business earned $423 million during the quarter, compared to analyst estimates of $414.45 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. Papa John’s International’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts anticipate that Papa John’s International will post $2.45 earnings per share for the current fiscal year.

In other Papa John’s International news, CEO John H. Schnatter sold 86,363 shares of the company’s stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $76.92, for a total transaction of $6,643,041.96. Following the sale, the chief executive officer now directly owns 9,712,005 shares in the company, valued at $747,047,424.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John H. Schnatter sold 73,637 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $78.17, for a total value of $5,756,204.29. Following the sale, the chief executive officer now owns 9,788,556 shares in the company, valued at $765,171,422.52. The disclosure for this sale can be found here. 28.80% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Societe Generale bought a new stake in shares of Papa John’s International during the second quarter worth about $107,000. SG Americas Securities LLC bought a new stake in shares of Papa John’s International during the second quarter worth about $107,000. Tower Research Capital LLC TRC bought a new stake in shares of Papa John’s International during the second quarter worth about $134,000. Advisor Group Inc. bought a new stake in shares of Papa John’s International during the second quarter worth about $137,000. Finally, Victory Capital Management Inc. increased its stake in shares of Papa John’s International by 44.3% in the second quarter. Victory Capital Management Inc. now owns 2,055 shares of the company’s stock worth $140,000 after buying an additional 631 shares during the period. Institutional investors and hedge funds own 75.19% of the company’s stock.

About Papa John’s International

Papa John’s International, Inc operates and franchises pizza delivery and carryout restaurants. The Company operates restaurants under the trademark Papa John’s. It operates in five segments: domestic Company-owned restaurants, domestic commissaries, North America franchising, international operations, and all other business units.

5 Day Chart for NASDAQ:PZZA

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